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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Also: Super size PE: 2025's $1.2 trillion, female founders beat funding record by 85% & more January 18, 2026 | Read online | Manage your subscription The Weekend Pitch Presented by RSM (Chloe Ladwig [...] Content analysis details: (3.0 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in bl.score.senderscore.com] 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. 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} body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; 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font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">January 18, 2026 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjN= Re8HlNnKVZ62S8tlehvn7rQamoRAcI-2FjoJQ-3D-3D5WLp_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73= YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizA= Vnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfv= KKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnWVenN= F9rbk5Lb8uX6niLMWItQfIJZBZ1zmXmJEmTeGrKPDLhtOWHCuXpGOy49aHQG-2BDrKGbMAFVcLP= 01Nw7a8rNul1CCP7lB7jnRdHmL6KqpyntCtahVSQuTryM31Qoy-2FhGluq2z54u-2FCM6T2-2F8= h3dyTqjN-2FCqZKbavsAUVRNF9egB0qcUCAGYxCwftlGUWl5vWAwmWOmCNclehzbYzP5E6qg-2F= lDb-2BTzQsWfjj95-2BDIpIWnJbUTlhWsTIOC5qvL2XTAZ0Z0yhLjQbfhJ9IbXUG" target=3D= "_blank" style=3D"text-decoration: underline; color: #1D5080">Read online</= a> | <a href=3D"https://url6380.news.pitchbook= .com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wj= gWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdf= o63E0RLyaXhmtZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-3DVUxs_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ= 0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HM= PqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1= XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9K= kRPzdqlnnU2jJuJPe6d8rBmmW3oc6NVdGRnQfDpcO8fVFpKs8F8-2BF1eBNBIrBenrAvp-2BoVq= wz49-2BmhYVP4YB3sBAE9pQcAsy9ISzg-2F7jVjTU5av67anwyIQLJ9tXNyeBdwuMHzfTiIRrPf= 7Z7uG2L7MEzDLDLN1WpgHa3XKKfuKjMbtt9tTB7dUix1T316-2Bm7I4LlVZiaJEC6KrZR6Bktlg= 2TVoYHGj304vvtuQpZQcNLpPBCoYFQmPzzN78sVkVHxotKyisveaE14NtGChfoNjSdYQ0KhG" t= arget=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Manag= e your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; 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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Weekend Pitch</s= pan></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Presented by <a href= =3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SnrcO5VpLDiy60MR1u6-2F4Vg-= 3D-3DJTYW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83= lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2= BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2= BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnWljuzK4pH8Ap0TAAwp4yTPiM-2BcxTSlQW3-2BxoU0I= PYMm9zDSwW40QLJAOqQbVOGzJIpxm61XgXyDXZgCEMBorrYZCBynZj-2BLx18ROKG0YQGGJLAyF= PV5Fdeo7BFXiu7prpvFcqi0tOZwFMMiAi5D7DRqCrbOvjmMa2-2FndxACpwgeG0iT635gaEQtFz= eETHekt99ndetZvbHzFNuBkqUXJiN7xG7piNz5eQGVmr7gisAxVFYc4ZG044ly3Rv9gewtTIGX-= 2B31ogDb1yCCXrAGcQnZ" target=3D"_blank" style=3D"text-decoration: underline= ; color: #1D5080; font-size: 14px; font-family: Roboto, Arial;">RSM</a></sp= an></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62S63pQRSvpr87kIQOdqv43kA-3D-3DBuF= 9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-= 2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkzi= V7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqA= h4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSl= oCtIi-2FF9mVp9KkRPzdqlnnV-2BOWTGNHr3XKIkEex4811ajIhnmORfpkzppGcjBN06HcM6NNq= jzMZxijcR6EbpNQRMi2okAU59RVcjpaXraJdg2dH-2B5eLismMaoYv4aAtQGC72xGpYT54WSpuv= AUyeXM7mZ5xuBq9r7n2vzwF9Y6-2BYmZvIMgMyT3IJDKtXrW3-2BEVV8f7Df8XMFgtN7HoFzpFs= PSNcT-2FRppcOnBb4eIDNh6-2F7hm8uJ6sOHbPmWkawZ-2BIWGgrsEF-2FcemkMJCthJNKU-2B0= bi19Pm4DFFCKPymaLtMc"><img width=3D"460" src=3D"https://img.pitchbook.com/a= ds/ad4448/rsmjanuaryhorizontal.jpg" alt=3D"Ads" style=3D"padding: 0px; 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"> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SiyHfX7ZL6= Xh8GpM43CoURw-3D-3D-eWa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI= 6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsH= qFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm= 1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnVELzVLKUAab0dxTeILkMhMEHDtBdI= MuTUxM-2B5QSVWJle5ZttmVW4YavkNA1ljRqVWzvFa-2BzM9ANuzU5ors3VjYOaSEzXQxzGXb9B= Wu6XtB6wX6GsuLlO-2FxYTXdv7SjFoj4RDdBGBuPW5fFLR9a9Z41IPrg7PVDARNfQlATjIZcpmT= AOBJ3-2BVCdIiAApshT1jsB-2Fc2fGmwHpU8E9ByAvGfo9vMFphdm4PmHJym5-2FkS7HLeoytj2= XqkOzb8TcFkbpDob-2BMmqgDghCgsORsiEhy1u" universal=3D"true"> <img align=3D"c= enter" alt=3D"" src=3D"https://img.pitchbook.com/news/72277.png" style=3D"b= order: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Chloe Ladwig/Pi= tchBook News)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Startu= p founders' famously unflappable optimism may finally have some reason behi= nd it.<br><br> For the first time in three years, PitchBook= 's dealmaking indicator, which quantifies the fundraising environment as ei= ther friendlier to investors or startups, has flipped in favor of early-sta= ge founders.<br><br> "When it comes to pricing, founders are dict= ating a lot," said Roseanne Wincek, co-founder and managing director of Ren= egade Partners. "The momentum and heat in the market, the competitive dynam= ics=E2=80=94when there's so much interest around the table, the founder get= s to choose and therefore dictate pricing, and the crazy pricing we're seei= ng is reflecting this."<br><br> Investors point to multiple factors at play,= but they all have the same core: exuberance.<br><br> An unmet demand for AI engineering talent, b= ig multiple-stage firms bidding up prices and startups growing increasingly= faster are all putting founders in the driver's seat when it comes to deal= making.<br><br> But some VCs fear the environment could soon= tip into overexuberance.<br><br> I'm Jacob Robbins, and this is The Weekend P= itch. You can reach me at <a href=3D"mailto:jacob.robbins@pitchbook.com" st= yle=3D"color: #1D5080;" test=3D"">jacob.robbins@pitchbook.com</a> or on X <= a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SP-2BBnj7y6aTBaiXQgJ= nETgA-3D-3DB8y2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N= -2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIO= xvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5Sv= gXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnWxd4geqxKJT-2FzDINYCRruN7m-2FuU-2FzbT= -2FRelKCTM072ezpgz8aSTAfe2TaFlMwTffKXuUNRQp-2BjKeVMp4aQq50BSEw8M1nFiTrfYl5w= Z0zP3bQd0doFuSHpRcHA9NF6vxMng91mglfSUok0yLIhwWGwXzCEHQuqIlM7Wnpik6FM45bAjTW= nI3UYuz1kSJy7jiqAqCeYk2LHcY-2BeDUNkqEBIKvYR9ijLX1Xbh1DXRPtmtemunVPV7DwAboHb= j7Q7p497J4hTpjHBykUk-2F7kKMmVQ" style=3D"color: #1D5080;" test=3D"">@JacobE= Robbins</a>.<br> </td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SiyHfX7ZL6Xh8GpM43CoURw-3D-3Db= 0gx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2B= e-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFk= ziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimr= qAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUe= SloCtIi-2FF9mVp9KkRPzdqlnnXYCi8nZFof8i-2F9pjN-2FBff2vTwNazy-2F53aPhkeEem3BV= 2ohApSlJ0r7H9Lds1AizZO-2BQWit1gLEDBk-2Bueh339IuOmMwVB-2Bd4x9hRoYCvE8Kw-2F-2= BKMPpSAZbdAljlPo7aLsu6VkYMKqhZnvrW-2FHfnoZ2nGlH6xVZLhLFk63f-2FCgI5VnYAy7Swl= zH1LUdNtfuHywIKPgJjqSjoaXI9kcVb9-2BJ1p6lyOz-2BWMowKfpkDxlsUpt7Cmn4Bw6G4H8dw= -2BXkeQWnuVRL0u8lj0lC9k8MalOh3" style=3D"font-family: Roboto, Arial, sans-s= erif; font-size: 18px; text-decoration: none; color: black; padding-left: 3= px" target=3D"_blank" universal=3D"true">Read more<img height=3D"24" src=3D= "https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-= align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from RSM</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_576337" id=3D"n_576337" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Artificial intelligence=E2=80= =94Ready or not? Evaluating AI readiness in due diligence </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SnrcO5VpLDiy60MR= 1u6-2F4Vg-3D-3DbCWL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrY= Fx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnz= ytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcV= I5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnVcWC0FQVIQ30EMZOgnBU8sR96muPeBPeu= XkJRRj2uSvtHgj286UlK1CGc9LX8smWNMq9unPKK-2FHSH68yrdDMApvyERYGergFUN7v62hF4B= a4pbjb9YvfvnRmfW4CuC6eFfcfpML7xrUKfNySgpENiExAH03VnWe2UI2mO1KtFBX-2FuALQ5Z1= i8mo-2F9Bmryb3M2-2FGdk-2BrwwpRvz0nWn3f7kZTzN44DhN8JBfaCsSKdNnHM2YBVQV4Ssd-2= B8g7eEkVE6-2FUmpwWC7gjsZ5bDaxCQO7L"> <img align=3D"center" alt=3D"" src=3D"= https://img.pitchbook.com/news/72135.jpg" style=3D"border: none; max-width:= 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Like everyone else, operating partner= s are intrigued by the promise of artificial intelligence to transform busi= nesses. But in private equity, the imperative is to prioritize practical ov= er aspirational impact. At the same time, limited partners and boards are p= ressing for visible AI moves, creating urgency that can outpace readiness. = For investors, this means any AI bet as a portfolio value driver must be gr= ounded in validated use cases with a measurable line of sight to EBITDA in = six months or less.<br><br> That=E2=80=99s no small task, especially in = light of a recent report from MIT=E2=80=99s NANDA initiative, which shows t= hat 95% of generative AI pilots at companies are failing. <a href=3D"https:= //url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SnrcO5VpLDiy60MR1u6-2F4Vg-3D-3DES2W_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2F= QG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7= MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4= ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloC= tIi-2FF9mVp9KkRPzdqlnnUTqkc-2BCBw9Xd3n-2BNTfuv-2FJsdQARGPurRhr1CDWPwILrvrZ1= wmGfY2RrYPJ6-2BscoRy6CvDjEg0Ytkxd6-2FzM9k0E-2FemgNSvGXQjfFqWEtkeaxpbNK93uu8= jV3TQLe4IN6OwTgjhouAtsNTG7VXQrglDiN3ikyrAw3E-2Fc0qcL2PKT6PammNhOLoT1FH6rHNh= owKxb5YUrqRhvyYKN4DK6PDYJ-2BKhSt8wFDEFpVnwVx8BJ2VUMmw9YzaQZdFD9cm5JHLu4NZO-= 2BLfDYNK1gjAHKHiDo" style=3D"color: #1D5080;" test=3D"">Learn how to identi= fy signs of real AI readiness.</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> = =20 <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">US pri= vate equity rebounded spectacularly in 2025 after a rocky start, notching t= he second-highest funding total on record. How much deal value did US PE ge= nerate overall last year?<br><br> A) $2.1 trillion<br> B) $567.8 billion<br> C) $1.2 trillion<br> D) $873.1 billion<br><br> Find your answer at the bottom of The Weeken= d Pitch!</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>ICYMI</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A sele= ction from our most-read articles of the past few days.<br><br> =E2=80=A2 <b>2025 was the best funding year = by far for US-based female founders</b>. Startups with at least one female = founder raised over $127 billion across 3,075 deals=E2=80=94an 85% increase= over the previous record of $68.6 billion set in 2021, according to our <a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SK-2F0zBn-2FREFgE= 4NqhLr8vhQ-3D-3DgOTM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6Zr= YFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFn= zytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rc= VI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnWTL6-2Bs6Moc8nHQ4HoxDierQAWABhir= s6QBz41lF0Z0gU5dF-2BhXfpMgju3i5hFj30-2Bnnnililz5Y6483vPlW7WzYmR6OxUGNapAki1= 3r9yTyKKWaJEFcH7gj2YFYyvAvIOBwQg80KQyrV5MLKG52AXzR4RFCnZfdCqt1jqN-2Faf5tDhD= mo4QpmRrM4Pg-2BbsCNZCZv-2B5NFgkH373lfKuGJhzysn9hCmMiJONbOcclz8gxbGx0XHGxSEO= Uc7DK-2BpJQOn36Gn71dso71A-2FJX7gNqodD" style=3D"color: #1D5080;" test=3D"" = universal=3D"true"><b>female founders dashboard</b></a>.<br><br> =E2=80=A2 <b>While AI-developed drugs may be= further away than hoped,</b> investors remain excited about the sector. He= re are the 10 most active VC investors in AI drug discovery startups. <a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62SSfqDv3DVaMWTmdprrm8= gZg-3D-3DSwWm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2= Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxv= Tj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgX= Yz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnU72aCzIiF9tqTcyqIglWZph84dCxvIFNF1K3Kdw= KQe-2B1O0aMxoEHUP-2F8f29vfTxBKvA9QVTMsjf7NMDHqpsX2WVkU9N-2BONy3Jbbv-2BP12dW= OrNLMHCSeUU4-2F-2BsmsR3-2BifonRke-2BX4tbFY6d7auYa6gWfGNMk8Q7ZK2Tyn80UyFNNOk= tUA1MlUejpflKRa3iQmlY5O9UFnWPKE42BLXROf3E1voGBMwo33S2I7IDenXRUKSWZokawDNfoI= d7DJ2zZ-2B7Bm0A0AZdjRcn9j25U98hB" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true"><b>See the list</b></a><br><br> =E2=80=A2 <b>The US has usurped Singapore as= the country with the most VC dollars per capita</b>, while Europe's growin= g presence in the top 10 signals a more mature ecosystem. <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62Spjn2CfOe2ecusVJYtqc6eA-3D-3DHRO= K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-= 2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkzi= V7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqA= h4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSl= oCtIi-2FF9mVp9KkRPzdqlnnU6t0CSZ9IOZ3I0dH4pqOq2NEWGdGWdNbHbFzOaOduPpcUciuUU4= -2FVuOsrtfFf5m03RvvwqR2sBHsMhlKPcDzNtvn0rjEOFBlkZksTRTCeMxIeWJs7t7KmXz20x-2= FXSnlAxbUDtf7xsOPA5LIXkpnRDmprWe2s228nOMfJTdeFXXv-2FiSgI4VhqDKflToxjBLv-2FI= WWMFQHJ1tFCPpLzxzyynYYo9-2FHgGy8R4NhQNVggSHtp1YdVzxvDP5ZUQ7uWr4J7NbDOjYp-2B= 3HcdhcvIHQzhQE" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>R= ead more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Quote/Unquote</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/7= 2232.jpg" style=3D"border: none; width: 100%; height: auto;"> </td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(Chip Somodevill= a/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">"The t= hreat of criminal charges is a consequence of the Federal Reserve setting i= nterest rates based on our best assessment of what will serve the public."<= br><br> =E2=80=94Federal Reserve Chair Jerome Powell= , responding to a subpoena threatening a criminal indictment. It's the late= st escalation in the ongoing feud between President Donald Trump, who has l= ong rallied for a lowering of interest rates, and the central bank, which h= as sought to maintain its independence.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Stay tuned</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Keep a= n eye out for these insights and research reports coming out this week:=20 <ul> <li>2025 Annual European Venture Report</li> <li>Q4 2025 Healthcare Services Public Comp S= heet and Valuation Guide</li> <li>Q4 2025 France Market Snapshot</li> <li>Q4 2025 Enterprise SaaS Public Comp Sheet= and Valuation Guide</li> <li>Analyst Note: Fintech State of the Indust= ry 2026</li> <li>Analyst Note: AI Technologies in Climate = Tech</li> </ul></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer= : C<br><br> Overall US PE deal value rose to $1.2 trilli= on in 2025, the second-highest total on record behind 2021. You can find ou= t what factors drove PE dealmaking and what's in store for 2026 by reading = our latest <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyoXRUtjNRe8HlNnKVZ62Sl= tHQN55HNRYkSX7PPT5sVQ-3D-3D-bZu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MA= IrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4= tElXcxsHqFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtS= gM10PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnW530DIGsPk4aKxSumyjsr= -2Bd4KWwXRIAoKZZ5iGtfpffIrntoK84V5ucKtheJeQ5-2BcJA07SPIf02M6Cx1Va63UsKy-2B-= 2B8KsLULbwcKA-2FxfHyGOm8BMHyUH6S2l6dkxfHuisqTcOwwLOCt8NTdyhQWPHEjBkMWQz0MgR= m8vbf04fHcD5s5HPAt4QNroSWhuQXIKcC2WYIjhtwNQAja3MU-2FYWsxoHfPapm2DXkhW4ihMgW= -2FPo7AS3mBQJFoyibzL-2FwNi1K0fbCXaMnIdt4FgyqI9a-2F" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true"><b>US PE Breakdown</b></a><b><b>. </b></b><= /td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Sign up for our newsletter</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e= dition of The Weekend Pitch was written by Jacob Robbins. It was edited by = Kia Kokalitcheva and John Moore.<br><br><em>Were you forwarded The Weekend = Pitch? Sign up at <b><a href=3D"https://url6380.news.pitchbook.com/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7= M0elBGrTFbUcurX9pFRONK8LP1w-3D-3DSfpc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te= 9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHg= AjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMw= YNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnV28Q-2BZJPGS3rt= UpvhUhZ7qtqGEuj2Y6SbDedXt99oPT1bcdBlvm5AIeYVW7lasegQlhvSyMrpS-2Bm0loMtj8GfO= wd0dap-2FbUuyufMvKreqVSCAS8ICtVODjPN4VpD-2FVcl4wuA6s6QqqewmujfAvmsc7GwBva9P= GtP6zCgCXY2U3-2BBS8nkddn1fh96N1Ux76gDDnjx-2FNDSu28VWaxmGvxpot4yANtfhYpFqELZ= fJws-2FxORQRIA5C2ifVGjhNrMENhIHSCoMks2lnA8iBglJms4EG" style=3D"color: #1D50= 80;" test=3D"">pitchbook.com/subscribe</a></b>.</em></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 25 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 25%; width: 25%; text-align:= center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 64 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 27 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Companies </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 5 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7M0elBVPb55h81xb6WXe-2Fy8atRPg-3D-3= DJpUN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-= 2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaS= FkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvi= mrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwT= UeSloCtIi-2FF9mVp9KkRPzdqlnnXi5-2BixFyJMh8CBs0QHbHSzIUE6GIzlviCLjE8hwPc1dif= i0mMELbKMBAl5ixawEtMSRlZyyfeY76mB26HKVzeoU51Px51YwlF88usNzhf7O7nS3fjHYL8JMR= EaDvyQqfXiX-2F4EljMc-2Bh3eTQLb6jNWxCEBMlURdi9jmoIHVFfO4K8l2myBuxzs2-2F2P6fI= 29Ef04bKGk4GrvzBB1WqZHF4wlVfL8DAzG1-2BjezeqRwnv0IWxwGAL4ZUejOC3gPImrYpk2Zvl= QU8ibUN7ivSr9hja" target=3D"_blank" style=3D"display: block; 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font-= size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c= enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7M0elBcld-2Fr4s= -2FF421Ecn8zWLhjg-3D-3DuGhv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZ= vMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElX= cxsHqFnzytIOxvTj-2BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10= PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnW907WfCzOxsyqfj89lLCj-2BO= HIARFPGNnh-2BARlrTAGkhi7pPT6H53FiTMvPzwn9yEvL1-2Fay6VzC99MASPpbMy0FpugIDh-2= F1Ei9QShb6RW0EkU99ze3yuh-2B84L7aMyc1pV1CaNMRQtkpvVU5bnmZvNvHx1CWkCbzjuHA5IJ= FgzctPCpU8zavIoJZLZGAOXeqPS06ErmtYyFhvk8RCaL90F9vNgT6BKyU31HPmvID0d-2F3Zp-2= Bulj0LvsGc-2BY4WJ0W0LBRRW42Gw7yYW8oQ9VQTlLrz" target=3D"_blank" style=3D"te= xt-decoration: underline; color: #1D5080">About PitchBook</a> | <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7M0elBDQH67TxbS3oDGSu7pgp49g-= 3D-3DqxX8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsF-2Be-2FQG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83= lRaSFkziV7MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2= BKvimrqAh4ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2= BnwTUeSloCtIi-2FF9mVp9KkRPzdqlnnXLiHUmyZqdJOtqJFlVxvLfxxwuJpeQS6Oo3rFKBQ1u5= udpTJLI7fdMu8VwufM3qkTWcTIvyKIG-2FDZz-2FDgOo1qYeoSQGngPNkkJ-2FP54fJcplDR4SP= LG7zW3ZQY7N1LrV68BDry-2B4WHlhl7EhQ4q0p745orBTYCEaUKEt5-2BglTu9vR8555Csw8nPT= 2iKyfYcRgIxBOTqS03DKUpSUs81IishzkFGy39RQxnmSJ9ZyPj4tJjkhODI7uWd9l77sOCsz0w1= QAM-2B0IxcuqiZ6DHxB6yN" target=3D"_blank" style=3D"text-decoration: underli= ne; color: #1D5080" universal=3D"true">Terms of use</a> | <a href=3D"https:= //url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7M0elBY2OqxpKgqKZCn34YRhqT0g-3D-3DPJjW_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2F= QG-2B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7= MSK0ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4= ZaFHkjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloC= tIi-2FF9mVp9KkRPzdqlnnXrrB4-2FueSDbs4lebbSnVlhRbngnz7xNFHXfheIY52YWGK5w1bz1= ywj-2B7vm9fYSYF-2BeXSxcgmfCEH8WVNza8ByBhCA3-2FT2OxDGUvKAoO6RKMYvzw5pA94l-2B= ul8GF8jw2DP172QOp3JsXKDPC-2FoFEn-2BAV55voa7C3eJar8tVcHvJ7sk8lI-2FjdGEBiHteZ= 33eMKZ2ZMAjPXKf6tcvkKFBye4l28KVLSAQAfEfdGrJ078bK5-2FMjrANnmFue9cpt-2FJIfguH= G6l96UITL-2FQnudTf-2Fu-2BJ" target=3D"_blank" style=3D"text-decoration: und= erline; color: #1D5080">Advertise with us</a> | <a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzUOJJ-2FBqaqXBDIPdu7M0elBzp7dGeot97kEmajY-2FvWcRQ-3D-3D6jYw_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF-2Be-2FQG-2= B-2B-2FQJ0qNgWRm-2Ffb73YQzdBZm5Te9RV8MAIrYZvMQI6ZrYFx4N-2Bg83lRaSFkziV7MSK0= ejAnEW8HMPqKSA4gTrdSizAVnr0JW3GHgAjgbB4tElXcxsHqFnzytIOxvTj-2BKvimrqAh4ZaFH= kjCUh3Ub1XGV1jH93TMaXfvKKWa1dEyMwYNSRtSgM10PBMm1rcVI5SvgXYz-2BnwTUeSloCtIi-= 2FF9mVp9KkRPzdqlnnUNwwBmzJvQeV0VEIcpv5k2u4rtoS385yXue9YkarcFUQ0e3wPGPXqNrE-= 2F8mpEyyBE6-2FTVA2jJIRDRykzovcQxowHm6aKuxRWAzLQYOZIKRiIPWJYyAMIBzR9JKDhdCRn= 6H7jNxWi-2F-2FUeyUKLVzXo3mOYV6y9X0t0-2F-2FSVFf2s8jdAZQnmuRbimwTx-2Fd32ALirc= M2nk-2B1YoNcaOZM3VyVK7C35FkAOHSUo0tQxOd174vjwtB6yydWs9-2Bt50bMQ1M4J-2FeyF20= khwx-2FacTw-2F0NUHpJ" target=3D"_blank" style=3D"text-decoration: underline= ; 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